Services, value added (% of GDP) in Palau
Palau: Services, value added (% of GDP) was 73.1% in 2024. ▬ Flat
Services, value added in Palau, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for services, value added in Palau is 73.1%, measured in 2024.
The figure is down 2.5% on the previous year and down 7.3% over ten years.
Over the whole period, services, value added in Palau peaked at 80.6% in 2009 and was at its lowest, 68.9%, in 2002.
Palau ranks 23rd of 206 countries on this measure, in the top quarter.
Services, value added (% of GDP) in Palau, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2000 | 76.0% | — |
| 2001 | 72.5% | -4.5% |
| 2002 | 68.9% | -5.1% |
| 2003 | 72.7% | +5.5% |
| 2004 | 73.6% | +1.3% |
| 2005 | 74.1% | +0.6% |
| 2006 | 76.7% | +3.5% |
| 2007 | 78.5% | +2.4% |
| 2008 | 79.8% | +1.6% |
| 2009 | 80.6% | +1.0% |
| 2010 | 78.8% | -2.3% |
| 2011 | 79.3% | +0.6% |
| 2012 | 78.1% | -1.5% |
| 2013 | 78.7% | +0.8% |
| 2014 | 78.8% | +0.2% |
| 2015 | 79.4% | +0.8% |
| 2016 | 77.6% | -2.3% |
| 2017 | 78.1% | +0.5% |
| 2018 | 78.2% | +0.1% |
| 2019 | 76.6% | -2.1% |
| 2020 | 76.6% | +0.1% |
| 2021 | 76.8% | +0.2% |
| 2022 | 75.9% | -1.2% |
| 2023 | 74.9% | -1.2% |
| 2024 | 73.1% | -2.5% |
Palau compared with similar countries
- Palau's 73.1% is above the median for high income countries, which is 66.2%, 1.1× the median. (77 countries reporting)
- Palau's 73.1% is above the median for East Asia & Pacific, which is 60.2%, 1.2× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 75.3% | 68.9% | 80.6% | 10 |
| 2010s | 78.3% | 76.6% | 79.4% | 10 |
| 2020s | 75.5% | 73.1% | 76.8% | 5 |
Countries ranked near Palau
- 20 Saint Lucia 73.8% compare
- 21 Cuba 73.4% compare
- 22 United Kingdom 73.1% compare
- 24 Israel 72.8% compare
- 25 Turks and Caicos Islands 72.6% compare
- 26 Curacao 72.3% compare
More economy & growth data for Palau
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.69 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.97 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0287 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 560.2 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.043 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0209 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 409.06 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0177 units per US$ of GDP (2025)
Frequently asked questions
- What is services, value added in Palau?
- Services, value added in Palau was 73.1% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Palau?
- The highest recorded value was 80.6% in 2009.
- What is the lowest services, value added recorded in Palau?
- The lowest recorded value was 68.9% in 2002.
- How does Palau rank for services, value added?
- Palau ranks 23rd out of 206 countries with data for 2024.
- Is services, value added rising or falling in Palau?
- Over the last ten years it is down 7.3%. The long-run trend across the full record is flat.
- Where does this Palau data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.